WASHINGTON, D.C. – July 9, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announces the $87.75 million sale of Rolling Hills, a 468-unit apartment community in Germantown, Maryland.

The HFF team marketed the property exclusively on behalf of the seller, Clark Enterprises, Inc., and procured the buyer, Pantzer Properties, Inc.  In addition, the HFF team acted as agent for Pantzer by securing debt financing through Freddie Mac.  The securitized loan will be serviced by HFF, a Freddie Mac Multifamily Approved Seller/Servicer for Conventional Loans.

Rolling Hills is located at 19228 Circle Gate Drive approximately one mile from Interstate 270 and adjacent to Great Seneca Highway, which offers connectivity to Rockville, Bethesda and Washington, D.C. to the south and Urbana and Frederick to the north.  The commuter-friendly property is also adjacent to a MARC train station (Brunswick Line) and just north of the Shady Grove Metro Station, which together offer access to the broader Washington, D.C. metropolitan area.  Rolling Hills consists of 39 three-story buildings comprising a mix of two- and three-bedroom units averaging 1,205 square feet.  The 40-acre, park-like community features a resort-style pool, fitness center and renovated club room as well as numerous tot lots, dog parks, soccer fields and picnic/grilling areas.

The HFF investment advisory team representing the seller included Walter Coker, Brian Crivella and Stephen Conley, a Maryland licensed real estate broker.

HFF’s debt placement team representing the new owner consisted of Jamie Leachman and Nicole Brickhouse.